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Soaring grocery bills and restaurant tabs are eating up more of Americans’ paychecks than they have in three decades, according to the federal government.

In 2022, US consumers spent 11.3% of their disposable income on food as raging inflation jacked up prices on everything from bacon, eggs and milk at local supermarkets to burgers and burritos at fast-food joints, according to data from the Agriculture Department.

That’s the most since 1991, when President George H. W. Bush was ramping up the first Gulf War, Nirvana’s “Nevermind” was topping the charts — and food purchases accounted for 11.4% of shoppers’ disposable income, the USDA said.

The problem is showing no signs of letting up as restaurants, retailers and manufacturers alike continue to grapple with soaring labor costs and the price of key commodities including beef and cocoa continues to ratchet higher.

According to the USDA, food-at-home prices increased another 5% last year compared to 2022 — or double the historical average rate at which retail food price inflation rose per year between 2003 and 2022.

Recently, those increases have slowed — up 1.2% in January compared with a year ago.

Still, that’s leaving shoppers with punishing tabs for everything from meat to produce to spaghetti sauce.

Meanwhile, “away from home” food prices at restaurants surged a staggering 5.1% over the same time period, according to the Consumer Price Index.

In 2022 and 2023 it was boom times for restaurants, which gives them latitude to raise prices,” Moody’s chief economist Mark Zandi told The Post.

Fast-food prices shot up even more — 5.8%, according to the government data — a trend that’s set to continue after 22 states raised their minimum wage last month.

Earlier this month, Chipotle said it will be forced to further raise prices as California after a $20-an-hour minimum wage law takes effect there in April.

The menu hikes are already taking a toll, with McDonald’s admitting this month that customers making less than $45,000 per year are eating at home more frequently as grocery prices come down.

I think what youre going to see as you head into 2024 is probably more attention to what I would describe as affordability, McDonalds chief executive Chris Kempczinski said on an earnings call with analysts earlier this month.

But Zandi is skeptical whether restaurants will lower their prices.

Businesses really dont want to cut prices, Zandi said. They will do it if demand is falling and they have no options, but the more palatable strategy is to hold the line until affordability is reestablished.

Meanwhile, corporate profit margins economy-wide have been rising, Zandi said.

Food prices were thrust into the spotlight on Super Bowl Sunday when President Joe Biden posted a video to social media in which he called out snack companies for “shrinkflation.”

“Some companies are trying to pull a fast one by shrinking the products little by little and hoping you won’t notice,” Biden said in a video posted on X, formerly known as Twitter, ahead of Super Bowl LVIII.

“Give me a break. The American public is tired of being played for suckers,” he said.

Biden, who offered no solutions or policies to address the practice, did not name any specific companies but several brands were shown in the video, including Gatorade, Doritos, Breyers and Tostitos.

We appreciate that the President has to deflect attention away from inflation that has lingered during his administration, said David Chavern, president and CEO of the Consumer Brands Association, in a statement.

Chavern added that the group would like to work with Biden on real solutions that benefit consumers.

Last year, the prices for fats and oils rose by 9% while the cost of sugar and sweets jumped 8.7%. The rate of price increases for cereals and bakery products stood at 8.4% last year.

The only food item that saw its price decline last year was pork, which was 1.2% cheaper compared to 2022, according to USDA data.

Meat prices grew but at a slower pace than their 20-year historical averages. Beef and veal prices rose 3.6% while eggs were 1.4% more expensive last year compared to 2022, the USDA said.

The cost of fresh fruits rose 0.7% while fish and seafood prices ticked up 0.3%.

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Entertainment

Madonna plays biggest-ever show to 1.6 million fans on Rio’s Copacabana beach

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May 5, 2024

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Madonna plays biggest-ever show to 1.6 million fans on Rio's Copacabana beach

Madonna has played her biggest-ever gig to an estimated 1.6 million people on Copacabana beach in Rio de Janeiro.

It was the last show in her Celebration tour and she performed hits such Like A Prayer, Vogue, Hung Up, Into The Groove and Like A Virgin.

The Brazil city was buzzing ahead of Saturday’s free two-hour show, with hotels and Airbnb’s packed and about 170 extra flights expected into the city.

Pic: Reuters
Image:
Pic: Reuters

The famous Rio beach was packed with fans. Pic: AP
Image:
The famous Rio beach was packed with fans. Pic: AP

Helicopters and drones buzzed over the beach as the Queen of Pop took to the stage at 10:37pm, nearly 50 minutes late.

“Here we are in the most beautiful place in the world,” Madonna told the crowd as she pointed out Rio’s famous mountains and Christ the Redeemer statue.

The 65-year-old opened up with Nothing Really Matters from 1998’s Ray of Light album.

Eighteen speaker towers were dotted along the beach to ensure everyone could hear the US star’s vocals.

Brazilian musicians and people from local samba schools were involved in the show – with many fans dressing up in Madonna-themed outfits.

Pic: AP
Image:
Pic: AP

Pic: Reuters
Image:
Pic: Reuters

“Since Madonna arrived here, I’ve been coming every day with this outfit to welcome my idol, my diva, my pop queen,” said Rosemary de Oliveira Bohrer, 69, who wore a version of Madonna’s iconic gold cone bra.

Many fans had staked out a spot many hours – or even days – before the show, while others took in the spectacle from yachts or apartment balconies.

Madonna’s website said it was the biggest she had ever done – more than 10 times the 130,000 she played to in Paris in 1987.

However, Rio is used to huge shows – The Rolling Stones and Rod Stewart have played to similar-size crowds there.

Pic: AP
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Pic: AP

Pic: Reuters
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Pic: Reuters

Read more from Sky News:
Flight nightmare causes Murs to cancel gig with Take That
Is now a golden age for original musicals on the West End?

Thousands of police were on duty for Saturday’s show, which city authorities estimated drew a crowd of 1.6 million and would earn the local economy about 293 million reals (£46m).

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For Madonna, it was the culmination of an 81-date retrospective tour that began in London in October and moved across Europe and North and South America.

The singer embarked upon the tour a few months after being admitted to intensive care with a serious bacterial inaction in June 2023.

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UK

Bradford: One child dies and four other people taken to hospital after house fire

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May 5, 2024

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Bradford: One child dies and four other people taken to hospital after house fire

A child has died in a house fire in Bradford.

A woman and three other children managed to escape the property and are being treated in hospital for non-life-threatening injuries.

In a statement, West Yorkshire Police said: “At 1.08 this morning (5 May) police were called by the fire service to reports of a serious house fire on Kingsdale Drive, Bradford.

“A woman and three children managed to escape the property and were taken to hospital for treatment. Their injuries are not life-threatening.

Police at scene of fatal house fire in Bradford
Police at scene of fatal house fire in Bradford

“A fourth child was found inside the address and was sadly pronounced deceased at the scene,” police added.

“A scene is currently in place at the address and police are working with the fire investigators to establish the exact cause of the fire.”

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

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World

Israel’s Benjamin Netanyahu rejects ceasefire deal that would ‘leave Hamas intact’

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May 5, 2024

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Israel's Benjamin Netanyahu rejects ceasefire deal that would 'leave Hamas intact'

Israeli Prime Minister Benjamin Netanyahu has rejected ceasefire proposals because he says Hamas’s call for a withdrawal of all troops from Gaza and an end to the war is unacceptable.

Mr Netanyahu said agreeing to such proposals would “leave Hamas intact” and leave the possibility of another attack in future.

“Surrendering to the demands of Hamas would be a terrible defeat for the State of Israel,” he said in a video statement.

Mediated negotiations for a pause in the fighting in return for the release of hostages held by Hamas have been going on in Egypt, but a deal still appears some way off.

Hamas said in a statement on Sunday it’s “still keen to reach a comprehensive, interconnected agreement that ends the aggression, guarantees withdrawal, and achieves a serious prisoner exchange deal”.

The impasse comes after Egyptian media reported “noticeable progress” in ceasefire talks on Saturday.

The proposal mediators had put to Hamas set out a three-stage process for an immediate, six-week ceasefire and partial release of Israeli hostages, with some sort of Israeli pull-out in exchange.

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More than 34,600 Palestinians have been killed and more than 77,000 have been wounded in Israel’s military operation, according to Gaza’s health ministry.

Israel has said it remains committed to a ground offensive in the southern city of Rafah, where more than a million have fled in search of safety, as it tries to wipe out Hamas.

The UN and others have warned of catastrophe if it goes ahead.

The war began in October after Hamas killed about 1,200 people, according to Israeli figures, when it launched a surprise attack.

More than 200 were abducted and many remain as hostages, while others are thought to have died.

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